Premier Energies Ltd
Incorporated in April 1995, Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.[1]
- Market Cap ₹ 40,810 Cr.
- Current Price ₹ 899
- High / Low ₹ 1,134 / 660
- Stock P/E 24.5
- Book Value ₹ 95.1
- Dividend Yield 0.11 %
- ROCE 32.7 %
- ROE 41.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 131% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%
Cons
- Stock is trading at 9.45 times its book value
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 947 | 701 | 743 | 1,429 | 3,144 | 6,519 | 7,824 | 8,466 | |
| 853 | 648 | 713 | 1,350 | 2,666 | 4,738 | 5,447 | 5,923 | |
| Operating Profit | 94 | 54 | 30 | 78 | 478 | 1,781 | 2,378 | 2,543 |
| OPM % | 10% | 8% | 4.0% | 5% | 15% | 27% | 30% | 30% |
| 19 | 35 | 25 | 36 | 29 | 134 | 206 | 203 | |
| Interest | 35 | 22 | 43 | 69 | 121 | 177 | 158 | 165 |
| Depreciation | 17 | 12 | 28 | 53 | 96 | 498 | 452 | 391 |
| Profit before tax | 61 | 56 | -16 | -8 | 289 | 1,240 | 1,973 | 2,191 |
| Tax % | 26% | 54% | -8% | 72% | 20% | 24% | 23% | |
| 45 | 26 | -14 | -13 | 231 | 937 | 1,510 | 1,674 | |
| EPS in Rs | 1.18 | 0.74 | -0.43 | -0.38 | 6.92 | 20.79 | 33.33 | 36.73 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 62% |
| 3 Years: | 76% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 131% |
| 3 Years: | 365% |
| TTM: | 59% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 45% |
| Last Year: | 41% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 25 | 26 | 26 | 26 | 45 | 45 |
| Reserves | 206 | 197 | 368 | 385 | 620 | 2,777 | 4,262 |
| 256 | 347 | 455 | 765 | 1,401 | 1,954 | 3,707 | |
| 342 | 406 | 491 | 934 | 1,489 | 2,065 | 2,825 | |
| Total Liabilities | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 | 10,840 |
| 263 | 425 | 479 | 592 | 1,203 | 978 | 1,747 | |
| CWIP | 21 | 0 | 114 | 349 | 20 | 242 | 2,144 |
| Investments | 6 | 9 | 55 | 59 | 9 | 845 | 670 |
| 538 | 541 | 693 | 1,110 | 2,305 | 4,775 | 6,280 | |
| Total Assets | 828 | 975 | 1,340 | 2,110 | 3,537 | 6,841 | 10,840 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -66 | 237 | 5 | 37 | 90 | 1,348 | 1,261 | |
| -56 | -353 | -218 | -304 | -447 | -2,410 | -2,156 | |
| 134 | 109 | 279 | 252 | 549 | 1,608 | 1,559 | |
| Net Cash Flow | 13 | -7 | 66 | -16 | 192 | 546 | 664 |
| Free Cash Flow | -90 | -83 | -178 | -237 | -359 | 728 | -1,736 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -50% | 467% | 57% | 60% | 24% | 98% | 70% |
Ratios
Consolidated / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 84 | 71 | 15 | 71 | 45 | 46 |
| Inventory Days | 56 | 44 | 135 | 197 | 157 | 121 | 159 |
| Days Payable | 76 | 114 | 168 | 124 | 152 | 88 | 90 |
| Cash Conversion Cycle | 55 | 14 | 38 | 88 | 76 | 78 | 115 |
| Working Capital Days | 52 | -24 | -28 | -58 | -12 | -22 | 8 |
| ROCE % | 13% | 4% | 6% | 25% | 41% | 33% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cell Effective Capacity Utilization % ・Standalone data |
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| Cell Installed Capacity GW ・Standalone data |
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| Module Effective Capacity Utilization % ・Standalone data |
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| Module Installed Capacity GW ・Standalone data |
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| Solar Cell Production MW |
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| Solar Module Production MW |
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| Order Book Value INR Mn |
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| Order Book Volume MW |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
- Premier Energies signed JV agreement on October 15, 2026 for a 12 GWh BESS facility in Telangana.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Premier Energies secured ₹4,001 crore orders in Q2 FY27; 7 GW TOPCon facility commissioned.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) depository certificate filed for quarter ended September 30, 2026.
- Closure of Trading Window
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Incorporation Of A Wholly Owned Subsidiary In Singapore
- Premier Energies incorporated PE Horizon Pte. Ltd. in Singapore on September 23, 2026, with SGD 10,000 capital.
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Feb 2025PPT
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Nov 2024Transcript PPT
Market Position[1] [2]
The company is one of India’s leading providers of cleantech solutions with a portfolio of complementary products. It holds approximately 100% market share of solar cell exports from India to the United States.
The company is one of the first Indian manufacturers to produce TOPCon solar cells and is also ranked among the top 13 global module manufacturers, as per Terawatt PV ratings. [3] [4]